Between 2017 and 2026, reinsurers accounted for 95% of the premiums received from U.S. homeowners insurers in claims payments and operating expenses. After taking into account reinsurance industry costs and margins, the net cost of reinsurance to the consumer is less than one cent per dollar of premium. The figure comes from Carly Morrell, executive vice president and general counsel of the Reinsurance Association of America, and it sits alongside a growing wave of state legislative proposals — in Colorado, Idaho and elsewhere — that set reinsurance costs as the central driver of insurance affordability.
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